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How to buy Saito (SAITO) in Canada

Learn how to buy Saito (SAITO) in our step-by-step guide.

Where to buy Saito in Canada

It looks like SAITO may not be available to purchase on an exchange in Canada.

You can still purchase SAITO by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase SAITO using a decentralised exchange.
  1. Find SAITO on a decentralised exchange and make sure Saito can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for SAITO using an exchange like Ndax. You will need to purchase enough ETH to swap for SAITO as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for SAITO on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the SAITO tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Canada.

Best Saito wallets to store your SAITO

You can keep your SAITO on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your SAITO below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Saito a good investment?

Every altcoin investment should be thoroughly researched. Both the token and the associated platform or project should be evaluated to look for the upside potential and downside risk. Here are a few factors to consider before investing in SAITO:

  • On-chain and off-chain SAITO: There are two versions of the SAITO token within the ecosystem. There is the layer-1 SAITO token that helps to run the blockchain and there is the ERC-20 standard wrapped version of SAITO which can be used in the permissionless integration of off-chain applications. ERC-20 wSAITO can be converted to layer-1 SAITO but layer-1 SAITO cannot be converted back.
  • Innovative aim: Although Saito is a layer-1 blockchain and, therefore, enters a sector of the market that is heavily saturated, Saito does tackle niche problems within the space. By focusing on the centralisation issues surrounding blockchain infrastructure Saito may position itself as a go-to blockchain for Web 3.0 application deployment. Only future app integration will truly determine if Saito can break into the layer-1 blockchain market.
  • Token supply: The maximum supply of SAITO tokens is capped at 10 billion. 20% of the token supply were dedicated to the Saito Foundation. 15% were allocated to the Core Development team. 15% were allocated for rewards. 15% were allocated to contributors. 10% were allocated to strategic partners. 13.7% were distributed for private sale. 10.3% were allocated to seed rounds and the remaining 1% were allocated to public sales.
    • Today's Saito price versus ATH

      Compare today's price of Saito ($0.01057236 USD) against its all-time-high price of $0.110352 USD on 03 January 2022. The closer the bar is to 100%, the closer SAITO is to reaching its ATH again.

      Saito's price: $0.01057236
      ATH date: January 03, 2022
      9.58%

      Saito ATH: $0.110352


      How to trade, convert or sell Saito

      You can convert or sell your SAITO with the same exchange you bought it through:
  1. Sign in to the exchange you have SAITO on.
  2. If you store your Saito in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of SAITO you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Saito.
  6. Complete your transaction and move your SAITO to a wallet for storage.

Disclaimer: Cryptocurrencies, including Saito, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SAITO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Saito or any other cryptocurrency discussed.

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